Texas Real Estate Sales Agent Exam
1. Which type of estate provides the greatest bundle of ownership rights?
A. Life estate
B. Leasehold estate
C. Fee simple estate
D. Estate for years
Correct Answer: C. Fee simple estate
Rationale: Fee simple generally provides the broadest ownership interest,
including possession, use, transfer, and inheritance rights subject to applicable law.
2. Which of the following is considered real property?
A. Furniture
B. A refrigerator not attached to the property
C. Land and permanently attached improvements
D. A tenant's personal computer
Correct Answer: C. Land and permanently attached improvements
Rationale: Real property generally includes land, improvements, and certain rights
associated with ownership.
3. What is an appurtenance?
A. Personal property temporarily stored on land
B. A right or improvement that belongs to and runs with the land
C. A mortgage payment
D. A lease payment
Correct Answer: B. A right or improvement that belongs to and runs with the
land
,Rationale: An appurtenance is associated with the land and generally transfers
with it.
4. Which item is most likely to be considered a fixture?
A. Freestanding chair
B. Portable television
C. Built-in kitchen cabinetry
D. Movable table
Correct Answer: C. Built-in kitchen cabinetry
Rationale: A fixture is personal property that has become attached to real property
and is generally treated as part of the real estate.
5. Which economic characteristic of land refers to its limited supply?
A. Scarcity
B. Utility
C. Transferability
D. Mobility
Correct Answer: A. Scarcity
Rationale: Land is considered scarce because its total supply is limited.
6. What does the term "bundle of rights" describe?
A. Rights associated with property ownership
B. A mortgage agreement
C. A property tax bill
D. A lease application
Correct Answer: A. Rights associated with property ownership
,Rationale: The bundle of rights generally includes possession, control, enjoyment,
exclusion, and disposition.
7. Which form of ownership involves two or more people owning undivided
interests?
A. Severalty
B. Co-ownership
C. Ownership in severalty
D. Tenancy by the entirety only
Correct Answer: B. Co-ownership
Rationale: Co-ownership occurs when two or more individuals hold ownership
interests in the same property.
8. What is an easement?
A. A temporary loan
B. A nonpossessory right to use another person's land for a specific purpose
C. A property tax
D. A deed restriction only
Correct Answer: B. A nonpossessory right to use another person's land for a
specific purpose
Rationale: An easement gives a person or entity a right to use another's land
without owning it.
9. An easement that benefits a particular parcel of land is generally called:
A. Easement in gross
B. Easement appurtenant
C. License
D. Encroachment
, Correct Answer: B. Easement appurtenant
Rationale: An easement appurtenant benefits a dominant parcel and burdens a
servient parcel.
10. What is an encroachment?
A. A legal ownership transfer
B. An unauthorized physical intrusion onto another property
C. A mortgage lien
D. A zoning classification
Correct Answer: B. An unauthorized physical intrusion onto another property
Rationale: Examples include a fence, building, or driveway extending across a
property boundary.
11. Which type of lien is created by operation of law rather than by voluntary
agreement?
A. Mortgage lien
B. Voluntary lien
C. Involuntary lien
D. Deed restriction
Correct Answer: C. Involuntary lien
Rationale: Property tax liens and certain judgment liens are examples of
involuntary liens.
12. What is a lien?
A. A claim against property as security for a debt or obligation
B. A type of lease
C. A property inspection
D. A zoning permit
1. Which type of estate provides the greatest bundle of ownership rights?
A. Life estate
B. Leasehold estate
C. Fee simple estate
D. Estate for years
Correct Answer: C. Fee simple estate
Rationale: Fee simple generally provides the broadest ownership interest,
including possession, use, transfer, and inheritance rights subject to applicable law.
2. Which of the following is considered real property?
A. Furniture
B. A refrigerator not attached to the property
C. Land and permanently attached improvements
D. A tenant's personal computer
Correct Answer: C. Land and permanently attached improvements
Rationale: Real property generally includes land, improvements, and certain rights
associated with ownership.
3. What is an appurtenance?
A. Personal property temporarily stored on land
B. A right or improvement that belongs to and runs with the land
C. A mortgage payment
D. A lease payment
Correct Answer: B. A right or improvement that belongs to and runs with the
land
,Rationale: An appurtenance is associated with the land and generally transfers
with it.
4. Which item is most likely to be considered a fixture?
A. Freestanding chair
B. Portable television
C. Built-in kitchen cabinetry
D. Movable table
Correct Answer: C. Built-in kitchen cabinetry
Rationale: A fixture is personal property that has become attached to real property
and is generally treated as part of the real estate.
5. Which economic characteristic of land refers to its limited supply?
A. Scarcity
B. Utility
C. Transferability
D. Mobility
Correct Answer: A. Scarcity
Rationale: Land is considered scarce because its total supply is limited.
6. What does the term "bundle of rights" describe?
A. Rights associated with property ownership
B. A mortgage agreement
C. A property tax bill
D. A lease application
Correct Answer: A. Rights associated with property ownership
,Rationale: The bundle of rights generally includes possession, control, enjoyment,
exclusion, and disposition.
7. Which form of ownership involves two or more people owning undivided
interests?
A. Severalty
B. Co-ownership
C. Ownership in severalty
D. Tenancy by the entirety only
Correct Answer: B. Co-ownership
Rationale: Co-ownership occurs when two or more individuals hold ownership
interests in the same property.
8. What is an easement?
A. A temporary loan
B. A nonpossessory right to use another person's land for a specific purpose
C. A property tax
D. A deed restriction only
Correct Answer: B. A nonpossessory right to use another person's land for a
specific purpose
Rationale: An easement gives a person or entity a right to use another's land
without owning it.
9. An easement that benefits a particular parcel of land is generally called:
A. Easement in gross
B. Easement appurtenant
C. License
D. Encroachment
, Correct Answer: B. Easement appurtenant
Rationale: An easement appurtenant benefits a dominant parcel and burdens a
servient parcel.
10. What is an encroachment?
A. A legal ownership transfer
B. An unauthorized physical intrusion onto another property
C. A mortgage lien
D. A zoning classification
Correct Answer: B. An unauthorized physical intrusion onto another property
Rationale: Examples include a fence, building, or driveway extending across a
property boundary.
11. Which type of lien is created by operation of law rather than by voluntary
agreement?
A. Mortgage lien
B. Voluntary lien
C. Involuntary lien
D. Deed restriction
Correct Answer: C. Involuntary lien
Rationale: Property tax liens and certain judgment liens are examples of
involuntary liens.
12. What is a lien?
A. A claim against property as security for a debt or obligation
B. A type of lease
C. A property inspection
D. A zoning permit
